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Investment

Storm preyed on the naive: ASIC

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
Storm Financial consciously targeted unsophisticated retiree investors who owned their homes but were inexperienced in financial matters, a Brisbane court has heard.

MIR Investment Management re-brands

BEN COLLINS  |  TUESDAY, 25 SEP 2012
Specialist emerging markets equities fund manager, MIR Investment Management (MIR), today announced it would re-brand to Metisq Capital Pty Ltd (Metisq).

Premium adds new practice to dealer network

LINDA HAUSKEN  |  TUESDAY, 25 SEP 2012
Premium Wealth Management has made another addition to its dealer group network with Queensland-based Platinum Wealth Management joining its ranks and plans to continue to push for more firms to join its network.

ASIC bans two advisers

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
ASIC has banned two advisers from providing financial services following breaches including unlawful early release of superannuation benefits.

Controversial short-sell ban inconclusive

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
ASIC has defended its 2008 decision to permanently ban naked short-selling and temporarily ban covered short sales, despite its report on the GFC restrictions being inconclusive as to outcome.

Innovative income fund pays dividends

MARK STORY  |  TUESDAY, 25 SEP 2012
Since its inception a year ago specifically to maximise returns for zero tax payers, Plato Investment Management Limited has delivered an attractive 9.5% income yield.

QE3 will be different

LINDA HAUSKEN  |  MONDAY, 24 SEP 2012
The Federal Reserve's new easing programme, known as QE3, could be different from the first two rounds due to a stronger global economy and improvements within the US housing market, Fidelity said.

Investors warned on VIX futures

MELANIE TIMBRELL  |  MONDAY, 24 SEP 2012
Investors should stay away from VIX futures as a passive standalone strategy, one manager has warned, saying that a flexible approach to buying volatility is necessary to avoid suffering high carry and rolling costs.

Indexing reaches all time high

MELANIE TIMBRELL  |  MONDAY, 24 SEP 2012
Indexed funds under management have enjoyed enormous popularity since the GFC, with assets outgrowing non-indexed FUM by a factor of seven to one.

Fidelity launches Aust equity income fund in Japan

LINDA HAUSKEN  |  MONDAY, 24 SEP 2012
While an Australian taskforce continues to talk-up the development of an Asia-wide funds passport, one of the country's fund managers is already exporting its expertise into the region.